Commercial Real Estate & Business News – March 12, 2024
National Office Attendance Rises With Slow but Steady Gains It hasn’t been quick or easy to get office attendance rates closer to what they were prior to the pandemic, but workplace foot traffic is on a slow but steady climb. As more companies add stricter in-person mandates and adjust to longer-term flexible work policies, attendance […]
Commercial Real Estate & Business News – March 11, 2024
US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United States to its fleet during the next five years in a $9 billion expansion. Aldi, with domestic operations based in Batavia, […]
Commercial Real Estate & Business News – March 8, 2024
Retail Developer Breaks Ground on The Trailhead Shopping Center in Northern Peoria Construction is underway to bring more than 900,000 square feet of commercial real estate and housing to a corridor of northern Peoria known for its mountain views and hiking paths. Peoria officials and local businesses joined the Pederson Group, a Phoenix-based retail developer…» […]
Commercial Real Estate & Business News – March 7, 2024
Another Multifamily Shift: Less Call for Three-Bedroom Units There was noted heavy demand for more space during the heights of the pandemic. When offices and schools were closed, along with cafes, libraries, and other places that might offer a place to work or study, people looked for larger living spaces. That could be purchasing a […]
Commercial Real Estate & Business News – March 6, 2024
Taiwan Semiconductor Linked to $108M Apartment Sale Near Huge Phoenix Campus Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) has inked a lease agreement for an apartment community near its $40 billion semiconductor campus in north Phoenix. An entity tracing to Ideal Capital Group paid $108 million to an entity tracing to Houston-based real estate firm Hines […]
Commercial Real Estate & Business News – March 5, 2024
Here’s Why Metro Phoenix is Now The Biggest Data Center Hub in the Western US All of the big computers and related equipment that businesses rely on to manage their operations have to go somewhere, and they are increasingly being installed around metro Phoenix. Metro Phoenix now ranks first in the western United States and […]